Bringing Wall Street to Main Street
It Doesn’t Have to Be Neither Dangerous Nor Difficult
Covid-19 and Technology Make You and Me Traders
Coronavirus is making the world uncertain right now. We fear for the economy, but especially for the near future: My work, my pension, my loved ones ... And the uncertainty: How long will it last?
It can make even the most confident participant in the work-market consider whether in the long run one can count on being the one who keeps standing when the next crisis arises. Because we have learned that crises emerge on a regular basis. And a work-life that has seemed safe so far can suddenly become very uncertain and ultimately completely lose its future potential. And what do you do when you have always been told that you need to get a good education and a good job; and then your future is assured.
Yes, it is a paradigm that dies hard, but surely. The education system has barely discovered it yet, but many people today talk about the future competences in the labor market as characterized by flexibility and constant development and learning.
Marty Neumeier, author and lecturer on topics like brand, design, innovation and creativity holding the title of “Director of CEO Branding” for the Liquid Agency says that in the future there will be five “meta skills” that one must have in order to be attractive in the labor market:
Feeling (including social intelligence)
See the big picture
Skills that cannot be automated or digitized. If you agree with Marty, it gives rise to a future that requires some rethinking. Among other things, not everybody is prone to having these particular abilities. And if you don't have them, are you lost and doomed to stand outside the hamster wheel?
Others, such as Robert Kiyosaki (author of the bestseller "Rich Dad, Poor Dad") says that it's been that way for a long time - maybe always. Rich people do not work for money, but make money work for them, as he says. The best and safest income is passive income. It's not something you learn in school. And in practice it certainly has to some extent been a prerogative for speculators to trade on the stock exchanges and earn passive income, although it has in principle been a freely available profession.
However, for some years now it has indeed been possible for ordinary people to trade currency and more online. And the digital tools are now so advanced that they have become commonplace. Technology makes it possible to bring the market to everyone. With an app on your phone and/or access from your computer you can trade in currencies, stock indices, metals and more on the market from your living room - or anywhere.
It is neither dangerous nor difficult. You can learn online. For example, I am a member of a training platform where currency trading experts teach both the hard skills and the mindset required to become a good "trader."
You get training via video - and thus the opportunity to watch and repeat as needed. You also have the opportunity to follow different traders around the clock, see how they analyze the market, and you can co-analyze and copy the trades they set up so that you have as much assurance of successful trading as they have. A kind of master teaching.
Besides your trading in the market, you also have the opportunity to become part of the company and create a business selling the education.
And it is so cheap that most people can join. This also means that there is a form of emancipation in a global context. Eg. India is about to become a major market for the company, IM Academy, of which I am a part. More and more people see here the opportunity to free themselves from the tight bonds of the labor market, but also social and social structures and create an alternative way of life.
Contact me at firstname.lastname@example.org if you want to know more. Or check out my website ebbesondergaard.com